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...Reagan Administration, giant U.S. companies have been merging at an unprecedented rate. Now the White House wants to make it still easier for firms to consolidate. Officials last week unveiled a sweeping plan to overhaul antitrust laws that have held sway since the early part of the 20th century. "The Reagan crew is obviously determined to leave its mark on business policy," said James Maher, managing director of mergers and acquisitions at the First Boston investment-banking firm. "These ideas, if enacted, will fuel more fires in merger activity...

Author: /time Magazine | Title: Plans to Make Mergers Easier | 6/21/2005 | See Source »

...some critics, however, the Navy's supercarriers are the Maginot Line of the late 20th century, monuments to military obsolescence. Would-be military reformers question whether enormously expensive supercarriers provide enough bang for the buck. If the U.S. tried to re-enact the Battle of Midway against the Soviet navy's modern cruise missiles and submarines, they warn, the American fleet would wind up like the Spanish Armada--on the ocean floor...

Author: /time Magazine | Title: Are America's Supercarriers the Weapon of the Future or a Throwback? | 6/21/2005 | See Source »

...beginning was not the word but the ritual. Or so some of the most influential theorists of 20th century theater contend. Thus the avant-garde has sought to reinvigorate drama by going backward, to incantatory sound and allusive visual imagery. In the 1960s and 1970s, such experiments often evoked the grubby and primal. Lately artists like Robert Wilson have mined the elegant surrealism of dreams--and have willingly induced a drowsy semiconsciousness in audiences. Martha Clarke, a former modern dancer with the Pilobolus troupe, has traversed similar terrain in The Garden of Earthly Delights, echoing the Hieronymus Bosch painting that...

Author: /time Magazine | Title: Surreal Estate: VIENNA: LUSTHAUS | 6/21/2005 | See Source »

...sections and a more contemporary look, and reversed its financial fortunes to become one of the nation's most lucrative newspapers. "The Times changed more under Abe than under any editor in its history," says Benjamin Bradlee, executive editor of the Washington Post. "It burst full-blown into the 20th century...

Author: /time Magazine | Title: Press: A Power Shift Within the Kingdom | 6/21/2005 | See Source »

...House on Sullivan Street, in which she plays a McCarthy-era blacklist victim. She has also been an "unborn soul," of all ethereal things, in the soon-to-be-released Made in Heaven. Next month McGillis will start shooting Dreamers in Israel, portraying a Jewish pioneer in early 20th century Palestine. "I loved working with her," says Sullivan Street Director Peter Yates. "She's permanently paranoid, but there is enormous charm about it. She's always trying to improve herself." And to date, doing fine...

Author: /time Magazine | Title: People: Oct. 20, 1986 | 6/21/2005 | See Source »

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